Proof of Usefulness Report

Cake DeFi

Analysis completed on 1/16/2026

+447
Proof of Usefulness Score
Certified Problem Solver

Project 'Cake DeFi' (rebranded to Bake) is a legitimate, large-scale fintech entity acquired by GSTechnologies in late 2024. Verified external data confirms historical peak assets of ~$1B and current funded users ~100k with ~$80M assets. However, the submission itself is of extremely poor quality (claims 'most people have used my product', empty revenue fields), and the platform is currently downsizing (exiting Singapore). The score reflects significant verifiable traction heavily penalized by the lack of credible evidence in the submission and current regulatory headwinds.

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Score Breakdown

Real World Utility+100
Audience Reach Impact+90
Technical Innovation+105
Evidence Of Traction+112
Market Timing Relevance+60
Functional Completeness+2
Subtotal+470
Usefulness Multiplierx0.95
Final Score+447

Project Details

Project URL
cakedefi.com
Description
Cake DeFi is a financial technology company that operates through its platform, cakedefi.com. The company specializes in providing decentralized finance (DeFi) services, enabling users to access a range of financial products and services built on blockchain technology. Cake DeFi offers solutions such as liquidity mining, staking, and lending, allowing users to earn returns on their cryptocurrency holdings. The platform is designed to be user-friendly, making it accessible to both novice and experienced cryptocurrency users. Cake DeFi is committed to transparency and security, ensuring that users have full control over their assets while participating in the DeFi ecosystem.
Audience Reach
everyone
Target Users
everyone
Technologies
Defi, Blockchain, Fintech
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline